{"id":430411,"date":"2026-05-13T02:40:27","date_gmt":"2026-05-12T19:40:27","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/uk-energy-min-milband-told-cabinet-ministers-he-is-prepared-to-run-for-labour-leadership\/"},"modified":"2026-05-13T02:40:27","modified_gmt":"2026-05-12T19:40:27","slug":"uk-energy-min-milband-told-cabinet-ministers-he-is-prepared-to-run-for-labour-leadership","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/uk-energy-min-milband-told-cabinet-ministers-he-is-prepared-to-run-for-labour-leadership\/","title":{"rendered":"UK Energy Min. Milband told cabinet ministers he is prepared to run for Labour leadership"},"content":{"rendered":"<div>\n<p>Nearly 100 labor ministers have called for the prime minister Starmer to resign. Wes Streeting is expected to meet with Starmer tomorrow morning and ask how he expects to solve the problems.  If that leads to asking and getting Starmer to step down, Milband will run for the Labour leadership, but the process is a bit complicated.<\/p>\n<p> Below is the process:<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Step 1 \u2014 The resignation itself<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">If Starmer chooses to go, he would formally tender his resignation to King Charles III at Buckingham Palace. As we discussed earlier, tomorrow is the King&#8217;s Speech \u2014 the State Opening of Parliament \u2014 which is one reason potential challengers have been biding their time. A resignation in the middle of that ceremony would be constitutionally extraordinary, so the most likely window is immediately after.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Step 2 \u2014 Triggering the Labour leadership contest<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">This is where it gets complicated. Unlike the Conservatives, Labour doesn&#8217;t simply vote no-confidence in a leader. A formal contest requires at least 81 Labour MPs \u2014 20% of the 403-strong Parliamentary Labour Party \u2014 to nominate a candidate. Crucially, those backers must go public, as there is no secret ballot at the nomination stage. Starmer himself, if he chose to fight rather than resign, would automatically be on the ballot.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Step 3 \u2014 Who can actually stand?<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">This is where the frontrunner picture gets messy right now:<\/p>\n<ul class=\"[li_&amp;]:mb-0 [li_&amp;]:mt-1 [li_&amp;]:gap-1 [&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\">\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Wes Streeting \u2014 Health Secretary, seen as the right-flank candidate, has been silent but is now saying he would run. <\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Angela Rayner \u2014 Former Deputy PM, polls well with the membership but is currently hamstrung by an unresolved tax investigation into her stamp duty affairs. Cannot credibly run until that is cleared.<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Andy Burnham \u2014 The public&#8217;s favourite according to polling, but faces a fundamental obstacle: he is not an MP. He would need to win a by-election before he could even be nominated \u2014 a process that takes weeks and was previously blocked by Labour&#8217;s own National Executive Committee.<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Shabana Mahmood \u2014 The Home Secretary has not denied leadership ambitions and received what was widely seen as a Tony Blair endorsement at a recent high-profile event.<\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Step 4 \u2014 The vote itself<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Once candidates are nominated, the contest goes to a full ballot of Labour Party members and affiliated trade union members across the country \u2014 not just MPs. This is significant because the membership tends to lean further left than the Parliamentary party, which could favour a more progressive candidate over a Streeting-type centrist. The winner needs a majority of that combined vote.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Step 5 \u2014 Becoming Prime Minister<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The Labour leader does not automatically become PM the moment they win the contest. The King invites the person who commands a majority in the House of Commons to form a government. Given Labour&#8217;s large majority, the new leader would almost certainly be invited to become PM \u2014 but there is a formal constitutional step of going to the Palace first.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The timeline problem<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The entire process could take six to ten weeks \u2014 an eternity given the political and economic instability already rattling UK gilt markets today. That is precisely why over 100 Labour MPs signed a letter today saying &#8220;this is no time for a leadership contest&#8221; \u2014 the disruption of a prolonged vacancy at the top, with no clear frontrunner able to step in cleanly, may be the strongest argument keeping Starmer in office for now.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nearly 100 labor ministers have called for the prime minister Starmer to resign. Wes Streeting is expected to meet with Starmer tomorrow morning and ask how he expects to solve the problems. If that leads to asking and getting Starmer to step down, Milband will run for the Labour leadership, but the process is a [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-430411","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=430411"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430411\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}